first minister eman: at colombia owing to haci contactonan valioso for future proyectonan

sunday, 27 november 2011 12:50

gobierno of aruba is hibando one maneho dinamico tratando of descend gastonan for produccion of coriente, but also buscando alternativanan for her trabounan cu is wordo haci door of the refineria of valero here at aruba.

during the biahe of first minister mike eman for colombia, owing to place on his agenda meeting cu the companianan ecopetrol y pacific rubiales, cu owing to arrive of send they representantenan aruba in pasado end.

in combersacion cu the mandatario after of the reunionnan, past owing to give the metanan cu had for her meeting cu the two companianan. at first luga, past owing to splica, aruba have one refineria cu have one capacidad big for rafina crudo. y the compania operador, esta valero, at various ocasion owing to expresa of wanted arrive at acuerdonan more duradero for suministro of petroleum cu they have to for refina. the crudo cu the refineria is wordo employ, at colombia have one produccion high of dje. this is haci they one possible partner for valero y aruba. in pasado already end had contacto cu the two companianan here. now cu gobierno also owing to show they interest for her desaroyonan here, the companianan will see cu do not unicamente is work cu they for arrive at one joint- venture, but aruba also have interest for facilita the desaroyonan.

first minister was extremely contento comokiera the visit owing to trece informacion interesting for aruba. have oportunidad for her necesidad of lng but also rubiales owing to haci presentacion of one producto new, work of the coke cu is one restante cu valero have much during they proceso of rafinamento of crudo. this will have one value adicional cu can wordo converti in one type of fuel cu tanto the refineria because; web can employ, for the time being, already cu aruba his enfoke now is on introduccion of the gas debi at his cleanliness for medio ambiente.

“na instant cu do you have companianan of the waist here have interest for aruba, for of esey can leave more cu the aspectonan cu valero is haci. the is give we confiansa big, hour we see cu the interest tey. at instant cu we extende one invitacion at the companianan here for think together cu we on the posibilidad, is haciendo this in one contexto more amplio cu aruba only. the value of the contactonan cu europa, is haci cu can leave more type of relacion cu is at please of the netherlands, kingdom, aruba y colombia. contactonan at the level here is stimula the thought of kico more can haci,” premier eman owing to expresa.

the mandatario owing to follow splica cu the situation actual is cu mundialmente the prijs of crudo is much caro, y for one compania as valero is stay cu the prijs of crudo cu the producto end do not so atractivo as cu wanted for her is. pesey one society among aruba, valero y one compania cu have crudo is the escogencia logico. aruba is see valero cu confiansa big in future, invirtiendo in the refineria y gobierno is give of his near, not lagando they only carga the reto. but is deal of open the caminda y crea the cuadranan caminda the refineria can is more prospero. pesey first cu the biahe for colombia owing to talk owing to combersa cu representantenan of valero also.

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I stand with the girl, Natalee Holloway.

"I can look back over the past 10 years and there were no steps wasted, and there are no regrets,'' she said. "I did all I knew to do and I think that gives me greater peace now." "I've lived every parent's worst nightmare and I'm the parent that nobody wants to be," she said.

‘Valero and WEB operate on natural gas in 2013’Monday, 19 December 2011 11:49

ORANJESTAD — The project to run oil refinery Valero and water & energy company WEB entirely on liquefied natural gas is well underway. Expectations are that these companies will have arranged everything to switch from fuel oil to Liquefied Natural Gas (LNG) at the end of 2012 or beginning 2013.Utilities minister Mike de Meza said the aforementioned upon returning from his recent business trip to The Netherlands, where he had spoken with the Dutch Gas Union, one of the partners in this project. “These large projects usually take eighteen months. We started about six months ago and are on schedule,” says De Meza. He states the joint venture of Valero, WEB and the Dutch Gas Union are currently drawing up the plans and drafts. Moreover, they are negotiating with companies that supply liquefied natural gas, said the Minister. A delegation consisting of Arubans and representatives from Gas Union will soon leave for Houston, Texas to consult with Valero on the latest state of affairs.

The ultimate plans are to build a gas terminal. This project, worth 200 million euros, is scheduled to start in 2015. En route to this permanent gas terminal, the joint venture will work with ‘floating storage’; a ship moored off the coast will be used to store the liquefied natural gas. Gas Union will lay down a pipeline from this ship to Valero and a long pipeline to WEB. Apart from a gas supplier, the joint venture is also seeking a company that can manage this floating storage. De Meza explains that the plans are to recover the costs. “Gas is much cheaper.” According to the Minister, consumers will also notice the lower cost price of water and electricity. “They will notice a substantial reduction”, says De Meza. ::snipping2::

Finding a solution to keep Aruba refinery open and running Monday, 16 January 2012 08:35

A few days before Christmas, Valero executives from the head offices in San Antonio, Texas contacted the Aruba government to inform them that the refinery was suffering financial losses caused by the international economic situation.The Aruba government is using its contacts via the network of Dutch embassies in neighboring countries Venezuela (PdVSA) and Colombia (EcoPetrol), as well as the consuls general of these countries on Aruba to reach some kind of strategic cooperation with the Valero Aruba Refinery.

The refinery accounts for 15% of our economy and the government is doing its utmost to find strategic cooperation in our region, Prime Minister Eman stated.

Minister de Meza of Finance and the Prime Minister Eman also paid a visit to Valero CEO Bill Klessee in San Antonio recently to talk about the situation. ::snipping2::

Future of Valero Aruba up in air; company has no interest in Murphy UK plant

New York (Platts)--31Jan2012/459 pm EST/2159 GMT

::snipping2::

In North America, Klesse compared the outlook for Valero's 235,000 b/d Aruba refinery in the Caribbean to the Hovensa plant in the region that is being shut by the Hess-PDVSA joint venture and turned into a terminal.

"We're in the same boat as what was announced by one of our competitors operating in the Caribbean," he said, confirming the Aruba plant posted a loss in the fourth quarter.

A decision on "strategic alternatives" for Aruba will be made "very shortly here within the first quarter," he said.

Valero spokesman Bill Day confirmed in an email that a shutdown is one of several options being looked out, including "a sale, a joint operating agreement [and] further reductions in runs." The closure of Aruba would affect the intermediates sent from that plant to Valero's Gulf Coast refineries, as well as Atlantic Basin crude purchases.

::snipping2::

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I stand with the girl, Natalee Holloway.

"I can look back over the past 10 years and there were no steps wasted, and there are no regrets,'' she said. "I did all I knew to do and I think that gives me greater peace now." "I've lived every parent's worst nightmare and I'm the parent that nobody wants to be," she said.

SAN NICOLAS / SAN ANTONIO - A final decision on the future of Valero falls in March. It says union leader John "Boy" Anthony Iowua. Valero spokesman Bill Day holds that Valero "somewhere in the first quarter" will cut the knot on the future of the refinery in San Nicolas.

by our reporter:Ariën Rasmijn

Anthony says this week with the directors of Valero to the table have been. "First, there is no decision to close the refinery. We have in our store enough oil to March. Of management, we have heard that once when it is finished, a decision will be, "the union leader. "A closure is not an issue now and we continue to work. That's what this is communicated to all employees. What we left now is to the refinery as well as possible to keep it running while they look for potential partners. "According to Anthony, the Aruban government is not alone in this interview with the Venezuelan PDVSA and Ecopetrol Colombia, but also a society in Brazil. "Personally I have every confidence in a good outcome and that we will remain open," says Anthony. ::snipping2::Yesterday appeared in the trade press a declaration of Valero CEO Bill Klees which he situation of the refinery in Aruba called similar to that of the Hovensa refinery in St. Croix. It announced two weeks ago in mid-February to close, including due to declining global demand for fuel. AVP-leader René Herde, who last week with Venezuelan politicians talked about possible cooperation, counting on the fact that the refinery in Aruba other products than that of St. Croix.

"Both are different in structure and production, but economic conditions are exactly alike," said Day, who speaks again praise the efforts of the Aruban government to find a partner for Valero in Aruba. This week, representatives of Ecopetrol to Aruba. Day would not confirm whether further visits are planned for other potential partners. "Well I can say that we are very active parties are approaching."

Prime Minister Eman: Government and parliament members concerned, cooperating on finding viable solution for Valero Saturday, 04 February 2012 16:32

Minister President Mike Eman expressed that the government as well as members of parliament from the governing AVP party are deeply concerned and doing their best to find a viable solution to keep Valero refinery open. ::snipping2::

Government has intensified its contacts with PdVSA of Venezuela and Ecopetrol of Colombia, which are the two countries closest to Aruba with crude. PdVSA representatives have already visited Aruba. Members of Parliament have visited Colombia as well. Eman said the contact with Venezuela has also been intensive and he sees a great potential for establishing a partnership between PdVSA and Valero. However, there has been no decision and no concrete answers yet and the situation remains critical. Eman explained that the losses the refinery is suffering at present are considerable, low sales margins on refined products are causing negative financial results and it is difficult to predict what will happen in the coming months. While conversations continue with PdVSA and Ecopetrol, the Aruba government also has an upcoming meeting with the Brazilian energy minister scheduled.

ORANJESTAD — Premier Mike Eman and a delegation consisting of colleague minister Mike de Meza (AVP) and chairman Ronald van Trigt from employers’ organization Atia left for Brazil last weekend to urgently seek partners or take over parties for Valero. With this, the government wants to avoid closing down the refinery at San Nicolas. In the meantime, the Latino-community on Aruba organized a petition.During a meeting tomorrow with the Brazilian minister of Mines and Energy, Edison Lobao, the delegation will explain the situation of Valero and Aruba. There will also be meetings with important executives, said De Meza. The Brazilian energy company Petrobras had expressed their interest in the refinery earlier on and the company is probably still interested, said Eman.

The delegation will also seek solutions in Columbia during a meeting with the Columbian President Juan Manuel Santos next week Monday. After a meeting between Eman and Santos, the Aruban delegation will meet with the Columbian Minister of Energy and Economic Affairs. Eman: “We will have sufficient time to exchange ideas with Santos, his government and Ecopetrol to raise the possibilities for a strategic collaboration again.” The delegation will also make a second attempt to arrange a meeting with PDVSA and Venezuelan President Hugo Chávez.

Eman had asked Atia-chairman Van Trigt to join the delegation because he had made contacts with investors and others who produce oil in Brazil. There will be a meeting with oil and gas company OGX and with an international investment bank for financing possibilities. Both Van Trigt and De Meza indicate they are optimistic. Not only because they are doing their utmost to convince partners, said Van Trigt, but also because the Aruban refinery is a great player in the oil world, said De Meza. ::snipping2::

ORANGE CITY / RIO DE JANEIRO - "Brazil says she has renewed interest in the oil refinery in Aruba. There are certainly opportunities for strategic cooperation between both countries. "Said Premier Mike Eman (AVP) from Brazil, where he is currently in discussions with the Brazilian government to find a partner for Valero.

Eman is with Energy Minister Mike de Meza and with the Minister of Economic Affairs, Michelle Winklaar. The president of employers' organization Atia, Ronald Trigt is it. He is partly because of the upcoming trade mission to Brazil in March from Aruba goes. The Aruban delegation has now interviewed, among others, the Brazilian Minister of Mines and Energy, Edison Lobão. From that conversation, that Eman described as "fruitful", shows that the South American country is able to re-open for opportunities for strategic cooperation between both countries to investigate. The goal is to eventually sit at the table with oil company Petrobras. Which has twice shown interest in acquiring the refinery or a joint venture. Both times, bounced a final agreement, however.

Premier invited Eman during maintenance Lobão from this year to be keynote speaker at the Green Conference and Lobão has accepted this invitation. The Brazilian had in turn implied that he attaches great importance to the trade mission. The Meza said after the meeting that if the negotiations between Brazil and Aruba again be started, "the government will participate as active and the highest priority. ::snipping2::

SAN NICOLAS - The organizers of the Valero refinery yesterday again indicated fewer contract workers need. At least, union Iowua. There are now only about 200 contractors across the usual number of 1000, says union leader John "Boy" Anthony. Meanwhile the government says that on February 24, delegations from Valero, Petrobras, Ecopetrol and PDVSA might come to Aruba to discuss a possible partnership.

Randy Milligan, director of contracting Goedecke confirms the Amigoe contractors yesterday that his company were sent home by Valero. He would not specify how much. "We recently have more to send people home. Everyone knows that the refinery is now very hard on trying to save costs. But we will continue working and stay positive. "Brian Boekhoudt of contractor Douhsar only want to follow Lost:" We are in negotiations and making backup plans and would therefore no judgment on whether we are or not people sent home. "

Valero spokesman Bill Day says that it send home more contract workers has nothing to do with the loss of running the refinery. These workers, according to him no longer necessary because certain activities are completed. The refinery is now even less to produce, says Day.

Union leader Anthony says that there are contractors that almost half of their contract workers sent home. "Layoffs are not already. They will just break. "It is often difficult for these specialist workers to win again. This week I received a shipment of one million barrels of crude oil must be refined. "That gives us about ten days work, so again ten additional days for the government to a potential partner for the refinery to find," said Anthony ::snipping2::

That search is still continuing. Yesterday, Prime Minister Mike Eman (AVP) announced that on February 24, representatives of Valero, the Colombian Ecopetrol, Brazil's Petrobras and Venezuela's PDVSA may also come to Aruba with the government to discuss a possible partnership. The Prime Minister was accompanied by a delegation in the Colombian capital Bogota to speak with representatives of Ecopetrol and the Colombian President Juan Manuel Santos. Eman: "We're not there yet, but there are now new opportunities for partnership with Valero." Day Spokesman would not confirm that Valero take part in these discussions.

Help

Not only is the Aruban government with might and a partner in the search for Valero, thereby also supported by the Dutch government. The Venezuelan community in Aruba want to help. In the past few weeks they have collected almost 9000 signatures. These are offered to Venezuelan President Hugo Chavez with a letter explaining he is asked to negotiations between the state oil company PDVSA and Valero about a possible collaboration to accelerate.

during two day aruba is anfitrion of one cumbre important on petroleum y gas. at the cumbre here is participa gobierno of aruba, valero, ecopetrol, repsol, agent of ministerio of energy y minas of colombia, gasunie y several consehero. the delegadonan owing to arrive aruba end for cuminsa mayan in oranan of morning cu the cumbre important for aruba here. first minister eman is the first for take away word y is give one presentacion of the vision of aruba on partnership in operacion y posesion of refineria of aruba (aruba-valero-ecopetrol). same also the is present the vision of aruba on partnership in gas natural likido (lng) y gas natural (ng), (aruba-valero- ecopetrol-gasunie). can ultimo eman in his presentacion is give the vision of aruba on partnership in exploracion of petroleum y gas at aruba (aruba- respol.ecopetrol). minister of finanza, comunicacion, utilidad y energy de meza in his discurso is bay talk on the compromiso of aruba. after is follow one presentacion of sr.piet kager of gasunie on the proyecto of tubonan cu gas natural for of colombia for aruba y on the proyecto of gas natural likido (lng). this is sosode in cooperacion cu aruba- ecopetrol-gasunie y valero. sr.joseba murillas, director of exploracion of latino-america of repsol is give one presentacion on petroleum y gas in the awanan teritorial of aruba. here is envolvi aruba-repsol y ecopetrol. after is follow one presentacion of the refineria of aruba on one proyecto “upgrader heavy crude south america” in cual is envolve aruba-valero y ecopetrol. in oranan of nightfall is follow discusionnan tanto together because; separa. on saturday is form gruponan of work cu is follow delibera y discuti on partnership, posesion y operacion of the refineria of aruba. same also have gruponan of work for discuti on partnership for thing is gas natural y gas natural likido for aruba y one are of work is talk on one partnership in exploracion of petroleum y gas at aruba.

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I stand with the girl, Natalee Holloway.

"I can look back over the past 10 years and there were no steps wasted, and there are no regrets,'' she said. "I did all I knew to do and I think that gives me greater peace now." "I've lived every parent's worst nightmare and I'm the parent that nobody wants to be," she said.

ORANGE CITY - Representatives of the Colombian government and Aruba, Valero, Ecopetrol, Repsol and Gasunie perform today and tomorrow during consultation Aruba Oil and Gas Summit 2012, at the Radisson hotel. Today, on the first day of the summit, more presents under Premier Mike Eman (AVP) vision of Aruba with regard to cooperation between government, Valero and Ecopetrol for the management of the refinery. Moreover, they speak about the possibilities for using natural gas and a collaboration between the government, Valero, Ecopetrol and Gasunie. The subject of extracting oil and gas in Aruban soil is on the program. This would be worked by the government, Repsol and Ecopetrol. The participants sat in groups talking and then further classified .

Logged

I stand with the girl, Natalee Holloway.

"I can look back over the past 10 years and there were no steps wasted, and there are no regrets,'' she said. "I did all I knew to do and I think that gives me greater peace now." "I've lived every parent's worst nightmare and I'm the parent that nobody wants to be," she said.

No firm commitments for Oil and Gas SummitSaturday, February 25, 2012 8:47

ORANGE CITY - The Aruba Oil and Gas Summit 2012, with the government, Valero, Ecopetrol, Repsol, Gasunie and Pacific Rubiales as participants, as any concrete result that the parties together in the short term will continue to talk about cooperation. This is contained in a statement last night signed.

The Aruban government organized Aruba Oil and Gas Summit 2012 in Radisson, with support from the Government of Colombia. The summit had as a primary goal of a possible solution to the loss-making Valero refinery in Aruba and scenarios to work together to seek a possible partnership or acquisition of the refinery would promote. The possible exploitation and supply of gas were on the agenda.

Possible alliancesThree possible alliances lay on a table. First, a between Aruba, the Colombian energy company Ecopetrol, the Dutch Gasunie and Valero for the construction of a gas line between Colombia to Aruba and projects in the field of liquefied and compressed gas. The second alliance between Aruba, the Spanish energy company Repsol and Ecopetrol for drilling for gas around the island. The third possibility was alliance between Aruba, Valero and Ecopetrol for partnership in the refinery and the ability to build together a so-called upgrader project 'to process heavy South American crude oil.

In the final statement is therefore clear that the discussions "very productive" were. The interlocutors agreed that they discussed the alliance will further study. In the short term they come together again to the agendas of the following discussions to capture and continue the conversation. Aruba will contribute to the setting of agendas.

Visit instead of working groupsDaily Herald reported yesterday that the participants in working groups would be classified today. But the secretary of the cabinet, Nicole Hoevertsz, said this morning that the top does not go today. Instead, visit the delegations at the refinery. The statement signed by the parties yesterday, was released unexpectedly. ::snipping2::

ORANGE CITY - The Aruba Oil and Gas Summit next week has its continuation in Colombia. This made Minister Mike de Meza (AVP) of Finance, Utilities, Communications and Energy today during a press conference.

::snipping2:: "Next week, the conversation between Ecopetrol in Colombia, Repsol, Valero and the Aruban government continued," De Meza. The possibility that the Brazilian Petrobras is sit down there, so he lets the Amigoe. Petrobras did not participate in the Oil and Gas Summit just because on that day carnival was celebrated. "Then everything is quiet in Brazil. They would still be able to send someone but Petrobras insisted on a strong delegation to send to Aruba and that was not on such short notice with their such an important day for the door. "Petrobras still has the choice to join us at the meeting or separately with Aruba to sit around the table. The Meza: "We send event is an invitation to them." The government is also waiting for confirmation from the Venezuelan state oil company PDVSA for talks on the refinery. "There are some seemingly complicated factors. So is Venezuela in an election year and face President Hugo Chavez with health problems affecting their agenda at this time may be other priorities. "That Venezuela and conditions for further talks would have demanded that Aruba participates in it led regional alliance Petrocaribe or even its ties with the Netherlands should weaken, denies the minister. Moreover, all parties agree that Aruba is not exclusive negotiating with them, but simultaneously enters into negotiation processes with multiple parties as soon as possible a permanent solution to the refinery. Meanwhile, Valero yet open and running a production of 100,000 barrels per day.

According to Meza, the government does not perceive that this weekend nails with heads would be beaten with various interlocutors. "It is indeed a route that has long run. But Ecopetrol is a candidate who recently came to. "In addition to discussions about the refinery, including the Spanish energy giant Repsol and the Dutch Gasunie, discussed gas over a period of between two and five years. "We wanted this meeting as a package deal. All these factors namely with each other, "said De Meza. Although there are still several candidates for gas exploration in the waters around Aruba Repsol is the largest and most interested and why the party was invited, let the minister know.

Continued Oil and Gas Summit until next weekThursday, March 8, 2012 8:51

ORANGE CITY - The sequel to the recently held between Valero Oil and Gas Summit, the Aruban government, oil company Ecopetrol of Colombia and will only take place next week. The parties still have all the information about the Valero refinery has been provided by taking, says Minister Mike de Meza (AVP) of Finance, Utilities, Communications and Energy. Brazil's Petrobras can still join in those conversations.

"Valero provided her details over the weekend and then the appointment to Ecopetrol and the Colombian government a week to give it through it. Next Monday or Tuesday we will sit down with them in Colombia, "said De Meza. Premier Mike Eman (AVP) is currently in Brazil to include the trade mission in Aruba in São Paulo to attend. Yesterday he would travel to Rio de Janeiro to meet with the top of Petrobras, as late as the Meza know. From those conversations will show whether Petrobras participate in the talks next week. "But the choice is up to them jointly with Ecopetrol or in a separate process in conversation with us and Valero." The minister says that there is also regular contact with the general consul of Venezuela in Aruba regarding possible participation of state oil company PDVSA. ::snipping2:: The Meza: "But at some point will have to take Venezuela's decision. And they choose not to step in then so be it. "

ORANGE CITY / SAO PAULO - Petrobras, the Brazilian oil company, is still a time to sit down with all the possibilities for Valero Aruba to view. This allows Premier Mike Eman (AVP) know after yesterday with representatives of Brazil, Petrobras said. However, it also indicated that Brazil wants to invest in their own country and that this obstacle could be. That was before the problem. Crude oil processes would be a topic of conversation. It is great interest in exporting oil and gas to Aruba, said Eman. ::snipping2::

Government asks Valero if necessary stop production, but do not close Wednesday, 14 March 2012 08:12

Aruba Prime Minister Mike Eman and Minister of Finance and Energy Mike de Meza have been since December seeking a suitable solution for the financial challenges the Valero Aruba Refinery is currently facing.

At present the price of heavy crude which is refined here is much too high with no signs of decreasing any time soon. Because of the unfavorable situation, the refinery is not a profitable operation anymore and will close should the price not go down and/or no partner or buyer be found.

Prime Minister Eman said that after a few meetings, Brazil's Petrobras said it is not interested in purchasing nor delivering heavy crude to Valero, simply because they will be focusing their efforts in their own country.

The government has also met with Colombia's Ecopetrol and Venezuela's PDVSA, but have not yet received an answer. Currently Ecopetrol is studying documents they requested and received from Valero, the prime Minister explained. He added that the island's urgency to solve this challenge is not an urgency for these companies and furthermore and most importantly, these companies have to review every bit of information before taking such an important decision. ::snipping2::

Brazil: Petrobras recognizes that a shortage of oil products will continue through 2013Wednesday, March 14, 2012 | 10:48 a.m.

New refineries will be in two years.

Brazilian oil company Petrobras announced that suffer shortages of oil products in the coming years, so it plans to import 80,000 barrels of diesel fuel and 160,000 this year.

The state company is currently building four new refineries that will raise the country's refining capacity of 1.9 million barrels per day to 3.25 barrels, but the first of these works will not be ready until 2013. ::snipping2::

ORANGE CITY - Ecopetrol has more time to further study the offer that the company has received from Valero. This has the Colombian oil company to the government let us know. Bad news, now time is running out to a partner or takeover candidate to find, says Premier Mike Eman (AVP) during an urgent press conference this morning.

Valero matter of fact, earlier this month announced the final refinery in San Nicolas about to close if no alternatives. According to Eman, the refinery is running between 5 and 15 dollar loss per barrel. A conservative calculation, based on information from Prime Minister Eman, shows that the refinery at normal production between 15 and 55 million dollars per month loss runs. The government convened an urgent press conference this morning therefore bad news for the world to see. "We are now awaiting notification of Ecopetrol and the Colombian government with information on when they do answer to the offer to give," said Eman during this press conference.

Petro China reappearMinister Mike de Meza (AVP) of Finance, Utilities, Communications & Power says that the government also has contact with the Chinese state oil company PetroChina. In 2010 there were exploratory talks with the company, but then the government and Valero still in conflict over bbo and other taxes. Now, says De Meza, the situation is different. "The settlement agreement is round and there are several investments." The minister says that Petro China is very interested in new developments. The Meza emphasized that they are not able to negotiate for Valero. Eventually, both companies themselves together around the table, the minister said. "The only thing the government of Aruba does is to explore opportunities and open doors where possible. We do this with a strategic partner of Valero Aruba. "In addition to Petro China, there are many other companies that the government tapped with interest in the Valero refinery, says De Meza. "These are screened. Many have do not have oil reserves or to make a bet with the purchase to see if there is anything to be gained. These companies fall rather quickly in screening. "The proposals are serious or further investigated by the government. ::snipping2::The government knows since december last year that the Valero refinery suffers great losses. Crude oil is refined compared with the final product so expensive, that there is no charge can be made. At the time, announced that the headquarters of the Valero refinery in Aruba in January of this year would have no crude oil and therefore it would be better to discontinue the work and to reduce the loss. The government then asked for this to wait and give them the opportunity to reach a solution. Valero, the government is partly to meet the refinery and decided some months to run, so to end this month, either with reduced production.